🔻 Ethereum Under Pressure: Whales Sell $2.5B in ETH — Will It Impact the Market?
Despite a massive sell-off by major holders, Ethereum remains stable and shows potential for a breakout.
📉 What Happened:
— Addresses holding 1M–10M ETH sold over 1.06M ETH (~$2.57B)
— Normally this would crash the market, but ETH holds strong at $2,424
— Key support zone: $2,344–2,421 (65.8M ETH, ~$159B)
🛡 Price resilience comes from:
— Strong demand zone (IOMAP)
— Investors are unlikely to sell at breakeven or losses
— ETH has broken out of a 3-week downtrend
📊 Possible scenarios:
🔸 Break above $2,476 → rally toward $2,606
🔸 Drop below $2,344 → potential fall to $2,205
🤔 Should you be worried?
Whales are taking profit, but the market is holding. Is it a sign of strength — or calm before the storm?
🔘 ETH is ready to surge
🔘 Market remains weak
🔘 Watching for a breakout above $2,476
🔘 Likely to revisit $2,200 — bull trap confirmed
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